Managing my own rentals through my property management business
Hi. I own three vacation rental properties. This winter, I opened a property management company for vacation rentals -- currently I am managing my three plus two others. I'm wondering how to do the accounting... my accountant was 'vague'. I will be paying the lodging taxes from the property management company. But then what... I can't 1099 myself the rental income at the end of the year. But it's not self employment income from my business... it's rental income. I'm perplexed.